ATP and USS-led consortium acquired a 50.1% stake in Redexis Gas for $1.8bn.

ATP Group and Universities Superannuation Scheme-led consortium acquired a 50.1% stake in Redexis Gas, a leading company specialising in natural gas distribution and transmission as well as liquefied petroleum gas distribution and supply in Spain, for $1.8bn. Fernando Bergasa, Chairman of Redexis Gas stated: “We are delighted ATP and USS will increase their shareholding in Redexis Gas, reiterating their support of the Company’s long-term growth strategy and significant investment plan. We also welcome the commitment from longterm investors GT Fund and CNIC, which will help reinforce our growth plan and take advantage of new opportunities.”